Great Panther Silver Ltd. is a primary silver mining and exploration company listed on the Toronto Stock Exchange trading under the symbol GPR, and on the NYSE American under the symbol GPL. Great Panther's current activities are focused on the mining of precious metals from its two wholly owned operating mines in Mexico: the Guanajuato Mine Complex and the Topia Mine in Durango. The company is also undertaking efforts to restart development of the Coricancha Mine in Peru and continues to pursue the acquisition of additional mining operations or projects in the Americas.

Expert Comments:

Jake Sekelsky, ROTH Capital Partners
(11/21/18)

"On Nov. 19, 2018, Great Panther Silver Ltd. announced an agreement related to debt modifications associated with the Beadell Resources acquisition. In our opinion, the modification serves as a significant derisking event with respect to the closing of the transaction; as such, we are reiterating a Buy and $1.80 price target."

Mark Reichman, Noble Capital Markets
(11/2/18)

"Great Panther Silver Ltd.'s proposed acquisition of Beadell Resources will enhance and extend the company's long-term growth outlook, further diversify its resource base geographically and transform it to a gold-focused producer. Additionally, the company continues to advance its Coricancha mine project in Peru, which could add 3 Moz silver equivalent of production, and expects to make a production decision in early 2019."

Bhakti Pavani, Alliance Global Partners
(11/2/18)

"Regarding Great Panther Silver Ltd.'s acquisition of Beadell Resources, which was announced in September, the company noted that it has obtained the support of several key Beadell shareholders
and senior lenders in Brazil and that it expects the transaction to be completed in early 2019. Furthermore, the management team noted that Great Panther should be able to advance Coricancha and fund Beadell's capital and debt service needs with the cash on hand of ~$58M at Sept. 30, 2018; we believe this is positive news for its investors."

Brien Lundin, Gold Newsletter (Jefferson Financial)
(11/1/18)

"The Beadell merger will completely transform Great Panther Silver Ltd. into a significant producer of around 150 Koz gold and over 4 Moz silver equivalent annually, with a steep growth profile from there. None of this is factored into the company's current share price; Great Panther is a Strong Buy."

Jake Sekelsky, ROTH Capital Partners
(11/1/18)

"Given that Great Panther Silver Ltd.'s operations in Mexico appear to be operating at a steady state, we expect the focus to remain on the closing of the recently announced Beadell Resources. In our view, the acquisition has the potential to transform Great Panther into an intermediate precious metals producer; as such, we are reiterating a Buy rating and $1.80/share price target."

Jake Sekelsky, ROTH Capital Partners
(10/15/18)

"On Oct. 12, 2018, Great Panther Silver Ltd. announced Q3/18 production. During Q3/18, consolidated production of just over 1 Moz silver equivalent was in line with expectations. . .given that year-to-date production reached 3.2 Moz, we believe guidance of 4–4.1 Moz silver equivalent is not only achievable but should be beat."

"On Sept. 24, 2018, Great Panther Silver Ltd. announced that it has entered into a scheme implementation deed with Beadell Resources, an Australian company, pursuant to which Great Panther will acquire all the outstanding shares of Beadell for an acquisition price of ~AU$144M (or US$105M). . .the company will acquire 100% interest in Beadell's highly prospective land package of 2,500 sq km and the producing Tucano gold mine located in Brazil."

Jake Sekelsky, ROTH Capital Partners
(9/25/18)

"Great Panther Silver Ltd. is expected to acquire Beadell for $105M in an all-stock transaction; Beadell's primary asset is the producing Tucano gold mine in Amapá state, Brazil. We view this as a significant acquisition for Great Panther and believe Tucano has the potential to become a cornerstone asset."

Bhakti Pavani, Euro Pacific Capital
(9/6/18)

"Great Panther Silver Ltd. noted that ~160m of the decline access, which represents ~35% of the total decline access, has been advanced at Coricancha. . .the company has advanced the Coricancha project on several other fronts, including the successful completion of the testing of the crusher, advancing the refurbishment of the concentrator and initiating the rehabilitation of the surface road and underground mine, etc."

Jake Sekelsky, ROTH Capital Partners
(8/26/18)

"We believe production [is] to remain steady at Great Panther Silver Ltd.'s Topia and the Guanajuato mine complex while the company continues to execute on its growth objectives. We expect it [is] to maintain its focus on advancing the Coricancha mine toward a restart while selectively evaluating external opportunities."

Jake Sekelsky, ROTH Capital Partners
(8/3/18)

"A 6 Kt bulk sampling program is progressing at Great Panther Silver Ltd.'s Coricancha, which we expect to provide confirmation of the potential economics outlined in the preliminary economic assessment. . .based on the rehabilitation and development work expected during the bulk sampling program, we believe the existing timeline for a potential restart remains on track."

"Great Panther Silver Ltd.'s Q2/18 production at both the Guanajuato mine complex and Topia were roughly in line with our expectations. During the quarter, consolidated production totaled just over 1 Moz silver equivalent, which we expect to continue as the company focuses on advancing the Coricancha project in Peru and evaluating a potential acquisition."

Brien Lundin, Gold Newsletter (Jefferson Financial)
(7/1/18)

"If Great Panther Silver Ltd. can outline additional mineralization on the underground Coricancha mine, it has the potential to produce at a 3 Moz silver equivalent rate. The next step for the project is to initiate a trial stope and bulk sample program; the goal is to further derisk the project."

"The PEA on Great Panther Silver Limited's Corichanca project outlined a low capex, low cost operation that may have the potential to serve as the company's next leg of growth. . .the study envisions a 550 tpd operation producing average annual silver equivalent production of 3.1 Moz, which is in line with our previous belief that Coricancha could have the potential to add approximately 3 Moz to the company's consolidated production profile."

Bhakti Pavani, Euro Pacific Capital
(6/1/18)

"On May 31, 2018, Great Panther Silver Limited reported PEA results for the Coricancha mine, which includes a 550 tpd underground mining operation with over three years of mine life. . .with regard to production, given the metal grades and recoveries, the Coricancha mine should produce an average of 3.2 Moz/year silver equivalent, which should increase the company's consolidated production by ~80%, in our opinion."

"Great Panther Silver Limited reported a break even Q1/18 on revenue of $17M, which was directly in line with our estimate of a break even quarter on revenue of $17.3M. . .we continue to expect an updated economic study to be released at Coricancha later in Q2/18. In our view, this could serve as the backbone of a production decision at the past-producing mine."

Brien Lundin, Gold Newsletter (Jefferson Financial)
(5/1/18)

"Great Panther Silver Limited enjoyed a good production quarter in Q1/18 on a year-over-year basis for its silver-focused mines in Mexico. . .overall, these production numbers suggest the company is on the right track. With resource growth possible from its Coricancha project in Peru, the steady production in Mexico should make this primary silver producer a prime target for investors as the silver market gathers steam."

"Great Panther Silver Limited continues to be one of our stalwart primary silver producers. Given this designation, it continues to provide leverage on rising silver prices and looks like a bargain at current trading levels."

Mark Reichman, Noble Capital Markets
(2/26/18)

"Great Panther Silver Limited's 2018 silver equivalent production is expected to be in the range of 4–4.1 Moz. . .we forecast lower general and administrative expenses due to some nonrecurring expense in 2017 and lower all-in sustaining costs. . .catalysts for the stock price include greater visibility around the Coricancha mine vis-a-vis technical studies supportive of a production decision and/or potential acquisition announcements."

"Great Panther Silver Limited exited 2017 with a healthy $56.9M in cash and no debt. Given this, we believe the company has the ability to make a larger acquisition while continuing to move Coricancha forward. . .Great Panther has the right team in place in order to transform itself from a 4 Moz/year Ag eq producer to potentially a 10 Moz/year producer over the next few years."

"Great Panther Silver Limited was able to increase its Measured and Indicated resources on its Guanajuato mine complex by 91% to 13.6 Moz silver equivalent; Inferred mineral resources remained unchanged at 7 Moz. This revised resource estimate suggests the company has plenty of life left to provide leverage on silver prices going forward."

"On Jan. 11, 2018, Great Panther Silver Limited announced 2017 production results; silver equivalent production of 3.98 Moz was in line with both our estimates and guidance. In our view, this level of production should remain constant in 2018 as management maintains its focus on production growth via Coricancha and external acquisitions."

Bhakti Pavani, Euro Pacific Canada
(12/21/17)

"On Dec. 20, 2017, Great Panther Silver Limited announced an updated mineral resource estimate for the Coricancha mine. . .the key point to note is the metal grades in the updated mineral resource estimate are comparatively higher than the metal grades reported in the historical mineral resource estimate. . .the silver equivalent ounces in the Measured and Indicated category have increased from 21.96M to 24.2M."

Jake Sekelsky, ROTH Capital Partners
(12/19/17)

"On Dec. 18, 2017, Great Panther Silver Limited announced a permitting update of the new tailings storage facility at its Topia mine. The company received final permits from the Mexican environmental authority and is now authorized to begin construction. . .we view the receipt of all permits required for the new facility as a derisking event for Great Panther and as such are reiterating our Buy rating and $2 price target."

Brien Lundin, Gold Newsletter (Jefferson Financial)
(11/1/17)

"Great Panther Silver Limited's revenues for Q3/17 increased 17% on a year-over-year basis, coming in at $18.3M. The increase came in the face of lower gold and silver prices and on the back of higher production numbers during the quarter. . .based on my positive view for the precious metals markets in the early part of 2018, the company looks like a good value and a Buy, at current levels."

Bhakti Pavani, Euro Pacific Canada
(11/1/17)

"Great Panther Silver Limited reported Q3/17 revenue of $18.3M versus our estimate of $16.4M. The revenue was above our estimate primarily due to higher silver equivalent ounces sold and higher than the expected realized price of silver and gold. . .both the cash cost and all-in sustaining cost were below our estimate and in line with the guidance."

Jake Sekelsky, ROTH Capital Partners
(10/31/17)

"While Great Panther Silver Limited's quarter-over-quarter results continue to remain steady, we believe the most important takeaway for investors is the company's commitment to growth. With $55M in cash and no debt, we expect it to continue to evaluate potentially transformative acquisition opportunities going forward; as such, we are reiterating our Buy rating."

Jake Sekelsky, ROTH Capital Partners
(10/13/17)

"During Q3/17, Great Panther Silver Limited produced 532,803 oz silver and 5,848 oz gold, which is in line with our Q3/17 estimates of 529,410 oz silver and 5,882 oz gold. . .we expect the company to receive the tailings storage facility 2 permit in Q4/17. We are maintaining our 2017 production estimate."

"From Aug. 23 to 24, 2017, we conducted a site visit at Great Panther Silver Limited's Guanajuato mine complex (GMC). We walked away impressed with the company's flagship operation and note that Great Panther appears, in our view, to have a strong presence in the local community. . .we are comfortable that the company's operations at the GMC should remain steady as the new management team shifts focus towards growth at Coricancha and beyond."

Heiko Ihle, H.C. Wainwright & Co.
(8/15/17)

"On Aug. 14, 2017, Great Panther Silver Limited announced prior Coricancha exploration results and an update for its current program. . .we highlight that intersections along the Constancia and Wellington veins extended known high-grade areas while also adding to mineral inventory. High-grades were also encountered along the Colquipallana vein but were narrower. . .the results could be a sign of additional high-grade gold and silver discoveries, which could help to bring the mine back into production."

Jake Sekelsky, ROTH Capital Partners
(8/10/17)

"We are initiating coverage on Great Panther Silver Limited with a Buy rating and $2 price target. . .the company is well positioned to execute on its growth plans and has the potential to increase production 70–80% by 2020. Given that it has $57.1M in cash and no debt on the balance sheet, we believe Great Panther has an open runway to growth over the next two years, creating what we view as an attractive entry point."

Bhakti Pavani, Euro Pacific Capital
(8/4/17)

"On July 27, 2017, Great Panther Silver Limited, in the tailings storage facility at Topia permitting update, announced that it has fulfilled the outstanding condition required by SEMARNAT (the Mexican environmental permitting agency) and resubmitted the permit application. . .the decision/response on the permit application is expected to be received within 60 business days, according to the company."

Heiko Ihle, Rodman & Renshaw
(8/3/17)

"Greater Panther Silver Limited's Q2/17 net income totaled $0.8M, an improvement over the Q2/16 net loss of $1.3M. In our view, continued exploration and development at San Ignacio could increase access to higher grades in H2/17; this could potentially increase production and reduce overall costs in H2/17, as a higher percentage of overall production could come from the lower cost Guanajuato mine complex."

Christopher Ecclestone, Hallgarten & Co.
(8/2/17)

"Great Panther Silver Limited's purchase of Coricancha from Nyrstar, for a bargain price, boosts the company's position in lead/zinc and diversifies it into Peru. Cash costs have been declining steadily in recent quarters. . .[Great Panther has] sizeable cash on hand and short-term deposits of CA$53M."

Heiko Ihle, Rodman & Renshaw
(7/17/17)

"Great Panther Silver Limited's consolidated production in Q2/17 reached 569,229 oz silver and 5,543 oz gold, for a record 1.1 Moz silver equivalent. Total silver equivalent production increased 6% year over year and 52% from Q1/17. . .we maintain our Buy recommendation."

Brien Lundin, Gold Newsletter (Jefferson Financial)
(7/1/17)

"Great Panther Silver Limited hit some remarkable results from surface drilling at its San Ignacio mine. . .importantly, these results confirmed the continuation of strong gold-silver mineralization along strike of the current mine workings and have given the company enough confidence to begin drifting in the direction of the new results. These results, combined with the fact that silver is cheap, make a highly leveraged silver play like Great Panther a Buy."

Heiko Ihle, Rodman & Renshaw
(6/2/17)

"On June 1, 2017, Great Panther Silver Limited announced that the commissioning phase of the Topia processing plant is complete. . .the plant, which now has new handling facilities for dry stackings, is currently operating at planned capacity. Since production at Topia has resumed, the company is processing stockpiled ore from the shutdown, in addition to run of mine ore, which should keep the processing plant running at capacity for the foreseeable future."

"I continue to like Great Panther Silver Limited as a leveraged play on a bull market for silver, as well as for its steeply growing production profile over the next couple of years. That said, I wouldn't recommend catching a falling knife here, so we'll move it to a hold until the share price stabilizes."

Heiko Ihle, Rodman & Renshaw
(4/12/17)

"During Q1/17, Great Panther Silver Limited produced 364,995 oz silver and 5,177 oz gold for total silver equivalent production of 727,372 oz. . .we expect slightly higher throughout at Topia during the remainder of the year, which we believe should pave the way for the company to meet our annual production estimate of 4 Moz silver equivalent."

Bhakti Pavani, Euro Pacific Canada
(4/12/17)

"On April 11, 2017, Great Panther Silver Limited reported Q1/17 production of 727,372 oz Ag eq versus our estimate of 716,462 oz Ag eq. Despite minimal production at the Topia mine, the company's Q1/17 production was higher than our estimate and primarily driven by higher metal grades at the Guanajuato mine complex."

Brien Lundin, Gold Newsletter (Jefferson Financial)
(3/1/17)

"Great Panther Silver Limited is about to take a major step forward with its purchase of the Coricancha mine in Peru on very favorable terms. This addition could boost the company's annual production by over 70%, beginning next year, and the market has yet to factor this into its projections; this factor makes Great Panther a Strong Buy near current levels."

Heiko Ihle, Rodman & Renshaw
(3/1/17)

"During 2016, Great Panther Silver Limited produced 2 Moz silver and 22,238 oz gold for total silver equivalent production of approximately 3.9 Moz, in line with our silver equivalent production estimate of 4 Moz; cash cost per silver equivalent ounce fell to $10.35 from $11.32 the year prior, primarily driven by efficiency improvements and a decline in the Mexican peso. Given these figures, the company reported revenues of $61.9M."

"Great Panther Silver Limited's underground drilling program yielded successful results at the Guanajuato mine complex (GMC) as the Measured and Indicated increased by 15%. . .overall the updated mineral resource estimate positively favors the NAV of the GMC, in our opinion. We believe the updated mineral resource estimate has increased the mine life of GMC."

Brien Lundin, Gold Newsletter (Jefferson Financial)
(2/1/17)

"Great Panther Silver Limited announced in mid-December that it has finally worked out an acceptable agreement to acquire the Coricancha gold-silver-lead-zinc-copper mine and mill complex from subsidiaries of Nyrstar. The closing of this deal is expected this quarter and represents about a 70% potential increase in the company's silver production."

Heiko Ihle, Rodman & Renshaw
(1/12/17)

"Great Panther Silver Limited announced 2016 production results. . .we note that overall production totals were slightly hindered by the shutdowns at Topia related to the tailings expansion, and a variety of plant improvements. Overall, we remain impressed that production totals nearly reached our estimate despite the aforementioned capital improvements. . .production should bounce back to over 4 Moz AgEq in 2017—a run rate that we expect to remain consistent. . .Further, we expect a 4 Moz AgEq production rate to remain steady at the firm's Mexican operations, as focus shifts toward potentially advancing the Coricancha Mine."

Brien Lundin, Gold Newsletter (Jefferson Financial)
(12/27/16)

"Great Panther Silver Ltd. posted a strong Q3,based on the earnings numbers it released last month. . .the company’s revenue was $15.6 million, up 22% on a year-over-year basis. That increase,combined with an 8% decrease in all-in sustaining costs for metal production, led to mine operating earnings before non-cash items of $7.2 million, a 64% improvement over the same quarter last year. . .the company continues to be a smart play for those looking to leverage rising silver prices. . .in anticipation of higher silver prices and the potential for some moves on the corporate front, Great Panther is a buy."

Heiko Ihle, Rodman & Renshaw
(12/21/16)

"On Dec. 20, Great Panther Silver Ltd. announced an agreement with Nyrstar to acquire Coricancha, a polymetallic mine in Peru. . .this transaction presents Great Panther with substantial upside, as management believes Coricancha could produce 3 Moz AuEq/year, while limiting downside due to the structure of the transaction. . .Great Panther's management team has remained steadfast in its commitment towards acquiring the right assets at the right price. . .we continue to remain supporters of management's acquisition strategy and think the Coricancha purchase is a low-risk way to significantly add to Great Panther's consolidated production profile."

The information provided above is from analysts, newsletters, the company and other contributors.

Great Panther Silver Ltd. is a former sponsor of Streetwise Reports. The company's sponsorship fees paid for Streetwise Reports to create this "Investor Summary Page," to which links were placed on Streetwise Reports' websites and newsletters. Streetwise Reports did not accept stock for the payment of fees. See disclaimer for more details.

The company description, investing highlights and catalyst calendar on this page were prepared by the company. The Expert Comments and Experts Following This Company sections of this page are compiled by Streetwise Reports. There may be other information about the company that is not placed on this page. Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on this page.

The Expert Opinions above are excerpted from third-party sources not affiliated with or controlled by Streetwise Reports. The statements or opinions expressed in the Expert Opinions above are those of the authors indicated, and Streetwise Reports has not verified the accuracy of material excerpted here. Publications excerpted above may receive payment or sponsorship from the company mentioned.

Streetwise Reports does not provide investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security.Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

Readers should conduct their own research for all information publicly available concerning the company.